Calgary City Council has approved an additional $60 million for the Opportunity Calgary Investment Fund (OCIF), distributed in annual $15 million increments from the city’s Fiscal Stability Reserve. Launched in 2018 with $100 million, OCIF has since attracted $900 million in external investment, created over 3,000 jobs, and activated 594,000 square feet of downtown office space.
The remaining $6.8 million in the fund is expected to run out by late 2025. CEO Brad Parry stated the new capital will enable company scaling and talent growth. Annual progress reviews are mandated before each disbursement.
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